Investment Analysis — 188 Bowles Park

Springfield, MA 01104

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01104 carries an estimated $2,230/mo in gross rent — about a 5.29% cap rate and $15,074/yr in estimated NOI at the $284,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,725

Style

Single Family

Built

1939

Welcome home to this charming 3-bedroom, 1.5-bath Cape offering over 1,700 sq. ft. of comfortable living space in a desirable location! The home features an inviting kitchen open to the dining room with ample space for cooking and gathering, updated electrical, a versatile bonus room, and a spacious enclosed porch perfect for relaxing or entertaining. Enjoy the private, fenced-in yard with plenty of open space, along with a large storage shed. Located on a quiet terrace ideal for bike riding, with convenient access to highways, gas stations, restaurants, and more. Don't miss this wonderful opportunity! Showings defered to Open House 10/11/26 12pm-2pm

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 863 sq ft (the lesser of 900 sq ft or half the 1,725 sq ft principal dwelling). Lot size: 11,583 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.